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1.Market Observations, 5.Troubled companies

14 Feb 2014 (AFR) – Forge Group shareholders threaten legal action

[COMMENT: This situation is a good warning to all those investors who continue to have faith in a company when there are signals that the market has lost faith. A faltering and falling share price is one just warning. We don’t lend our hard-earned money to companies so they can make it disappear – we expect a good return. If the company is not doing this, then we should take our money back and lend it to someone else who will make it work hard for us. LESSON: Do NOT get emotionally attached to a company and stick with it through thick and thin.]

(14 Feb 2014, AFR, p14)

‘Investors in the collapsed mining services firm Forge Group are threatening legal action, alleging management’s recent earnings assessments were over-optimistic. Shares in the company were suspended on Wednesday as the sharp slowdown in the mining investment boom claimed another victim. Forge’s stock has dived 78 per cent since November as the deteriorating conditions finally took their toll.’

Read more at (might need AFR login access)

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